Software Market Boom: Clinical Trials, Recruitment, and Real Estate Sectors Poised for Significant Growth by 2031

Clinical Trial Software Market Surges to US$ 2.3 Billion by 2031, Propelled by 14.3% CAGR, States CoherentMI

Burlingame, Sept. 10, 2024 (GLOBE NEWSWIRE) -- CoherentMI published a report, titled, Clinical Trial Software Market is estimated to value at US$ 0.9 Billion in the year 2024, and is anticipated to reach US$ 2.3 Billion by 2031, with growing at a CAGR of 14.3% during forecast period 2024-2031. The biopharmaceutical industry has been steadily increasing investment in R&D year after year to develop new drugs and treatments. As complex clinical trials are an important part of drug development, companies are allocating greater budgets to clinical trial processes and management. Furthermore, The COVID-19 pandemic accelerated the adoption of digital health solutions as social distancing norms encouraged remote monitoring of patients. Telehealth emerged as a viable method to screen, diagnose and treat patients without physical visits. This highlighted how modern technologies can simplify clinical trials while maintaining participant safety. Market Report Scope: Report CoverageDetailsMarket Revenue in 2024:US$ 0.9 BillionEstimated Value by 2031:US$ 2.3 BillionGrowth Rate:Poised to grow at a CAGR of 14.3%Historical Data:2019-2023Forecast Period:2024-2031Forecast Units:Value (USD Million/Billion)Report Coverage:Revenue Forecast, Competitive Landscape, Growth Factors, and TrendsSegments Covered:By Features of Software, By Type of DeploymentGeographies Covered:GlobalMajor Players:Advarra, Arisglobal, AssistRx, Calyx, Clario and Among Others.Growth Drivers:* Increased digitalization in clinical trials * Rising demand for patient-centric clinical trial solutionsRestraints & Challenges:* High costs associated with implementation Market Dynamics: The clinical trial software market is driven by the increasing digitization in the healthcare sector and rising adoption of clinical trial management systems. Clinical trial software enables efficient management of complex clinical trial processes by streamlining workflows, improving communication among research sites and sponsors, and ensuring compliance. This enhances the productivity and speed of clinical trials. Key Market Takeaways: The global clinical trial software market size is anticipated to witness a CAGR of 14.3% during the forecast period 2024-2031, owing to increasing digitalization and growing R&D investments in pharmaceutical and biotech industries. On the basis of features of software, EDC segment is expected to hold a dominant position, owing to its widespread adoption for simplifying clinical trial data management. On the basis of type of deployment, on-cloud segment is expected to hold a dominant position over the forecast period, due to benefits like seamless collaboration, remote monitoring and automatic updates. On the basis of region, North America is expected to hold a dominant position over the forecast period, due to presence of majority global players, fast adoption of advanced technologies and high clinical research expenditure in the region. Key players operating in the clinical trial software market include Advarra, Arisglobal, AssistRx, Calyx, Clario, IBM, IQVIA, Medidata, Oracle, Signant Health, and Veeva. These players are focusing on new product launches and partnerships with pharmaceutical companies to strengthen their market position and capture higher shares in the overall clinical trial software market. Market Trends: Cloud-based clinical trial software is gaining popularity in the market. Cloud deployment reduces IT costs and provides remote access along with centralized data management. It helps clinical trial managers in making real-time decisions and resolving issues quickly. Another key trend is the advent of artificial intelligence in clinical trials. AI assists in patient recruitment, monitoring, and analysis of huge clinical data to gain meaningful insights for researchers. This accelerates various clinical processes and results. Electronic Data Capture (EDC): The EDC feature allows monitoring and documentation of clinical trial data in electronic format replacing traditional paper-based methods. EDC software helps in efficiently planning, collecting, validating and managing clinical trial data in real-time. Streamlining data collection and management reduces costs and speeds up the overall clinical trial process. EDC segment is expected to hold the major share of over 35% of the overall clinical trial software market during the forecast period owing to its widespread adoption for simplifying data handling. Cloud and On-premises Deployment: Clinical trial software can be deployed either through cloud or on-premises model. The cloud-based deployment or Software as a Service (SaaS) model is gaining popularity as it eliminates upfront capital expenses and provides flexibility to access software from any location. The on-cloud segment is anticipated to hold over 55% share of the total market size by 2031, attributed to benefits like seamless collaboration, remote monitoring and automatic updates. However, the on-premises deployment continues to find applications where data privacy and regulatory concerns necessitate local data storage. Recent Development: In August 2023, Texas Tech University Health Sciences Center collaborated with Deep 6 AI to launch an AI program for clinical trials.In August 2023, Globant partnered with Medocity to accelerate digitalization in clinical research. Get a detailed analysis on regions, market segments, and companies: https://www.coherentmi.com/industry-reports/clinical-trial-software-market Clinical Trial Software Market Segmentation: By Features of Software - EDCeCOA/ePROeConsent By Type of Deployment - On-cloudOn-premises The research provides answers to the following key questions: What is the estimated growth rate of the market for the forecast period 2024-2031?What will be the market size during the estimated period?What are the key driving forces responsible for shaping the fate of the Clinical Trial Software market during the forecast period?Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Clinical Trial Software market?What are the prominent market trends influencing the development of the Clinical Trial Software market across different regions?What are the major threats and challenges likely to act as a barrier in the growth of the Clinical Trial Software market?What are the major opportunities the market leaders can rely on to gain success and profitability? Purchase Latest Edition of this Research Report @ https://www.coherentmi.com/industry-reports/clinical-trial-software-market/buynow Key insights provided by the report that could help you take critical strategic decisions? Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.Reports provide opportunities and threats faced by suppliers in the Clinical Trial Software industry around the world.The report shows regions and sectors with the fastest growth potential.A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions. 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Moreover, CoherentMI is a subsidiary of Coherent Market Insights Pvt Ltd., which is a market intelligence and consulting organization that helps businesses in critical business decisions. With our cutting-edge technology and experienced team of industry experts, we deliver actionable intelligence that helps our clients make informed decisions and stay ahead in today's rapidly changing business landscape. Mr. Shah CoherentMI, U.S.: +1-650-918-5898 U.K: +44-020-8133-4027 Australia: +61-2-4786-0457 INDIA: +91-848-285-0837 Email: sales@coherentmi.com Website: https://www.coherentmi.com Market News and Data brought to you by Benzinga APIs

Recruitment Software Market Size to reach $5.58 billion, Globally, by 2031 at 9.2% CAGR, says Coherent Market Insights

Burlingame, Sept. 10, 2024 (GLOBE NEWSWIRE) -- The global Recruitment Software Market Size to Grow from USD 3.02 Billion in 2024 to USD 5.58 Billion by 2031, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period, as highlighted in a new report published by Coherent Market Insights. Growing focus of companies on streamlining and digitizing hiring processes is also driving the demand for recruitment software. Rising number of startups and expansion of established companies have further increased the recruitment volume, fueling sales of these software. Request Sample Report: https://www.coherentmarketinsights.com/insight/request-sample/7176 Market Dynamics: The recruitment software market is driven by the rising adoption of cloud-based recruitment software solutions among enterprises. Cloud recruitment software offers benefits such as scalability, accessibility from any device with an internet connection, lower upfront costs, and automatic updates. They are also easy to deploy and manage. Furthermore, recruitment software helps businesses streamline and automate the recruiting process from sourcing candidates to onboarding. They efficiently manage applicant tracking, candidate relationship management, and other recruitment activities. This boosts hiring efficiency and quality while reducing costs. Recruitment Software Market Report Coverage Report CoverageDetailsMarket Revenue in 2023$3.02 billionEstimated Value by 2031$5.38 billionGrowth RatePoised to grow at a CAGR of 9.2%Historical Data2019-2023Forecast Period2024-2031Forecast UnitsValue (USD Million/Billion)Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and TrendsSegments CoveredBy Component, By Organization Size, By Vertical:Geographies CoveredNorth America, Europe, Asia Pacific, and Rest of WorldGrowth Drivers* Increasing workforce mobility * Stricter compliance regulationsRestraints & Challenges* High costs associated with customization and maintenance * Lack of skilled workforce for advanced recruitment tools Market Trends: One of the key trends in the recruitment software market is the increasing integration of social media platforms. Most modern recruitment solutions allow posting job openings on popular professional networking sites like LinkedIn. They also facilitate screening candidate profiles and communicating with potential hires over social media. This enables recruiters to leverage the large professional networks and talent pools on social platforms to widen their search. Integration of AI and machine learning capabilities is another prominent trend. Advanced recruitment tools use predictive algorithms and analytics to source resumes that are the best-fit, schedule interviews intelligently, and determine optimal candidate experience. They also assist recruiters through automated screening, matchmaking, and skills/personality assessments. This helps optimize hiring outcomes. Immediate Delivery Available | Buy This Premium Research Report: https://www.coherentmarketinsights.com/insight/buy-now/7176 Market Opportunities: Over the past few years, with increasing digitalization and the demand for streamlining HR processes, applicant tracking has emerged as one of the key opportunities in the recruitment software market. Applicant tracking software automates many of the tasks associated with recruitment like posting job openings, tracking applicants, managing resumes and CVs, evaluating candidates, scheduling interviews as well as performing background checks. They provide a centralized platform for recruiters to manage the entire recruitment process from beginning to end. This has resulted in improved efficiency, reduced cost and time spent on recruitment. Going forward, advanced features around candidate matching, AI/ML powered candidate recommendations as well as mobile optimization are expected to further push the demand for applicant tracking solutions. Rising need to hire the best talent and evaluate hard as well as soft skills of potential employees has boosted the adoption of candidate assessment tools. Candidate assessment software allows hiring managers to assess cognitive abilities, language proficiency, technical skills, personality traits, interests, work styles and other attributes of candidates through online tests and assessments. They offer data-driven insights to help recruiters identify the right fit for job roles. With remote and hybrid work models gaining traction globally, online proctoring and video interview capabilities embedded in assessment solutions are proving invaluable for screening candidates remotely. This presents a major market opportunity for vendors providing advanced candidate assessment tools. Key Market Takeaways Recruitment software market is anticipated to witness a CAGR of 9.2% during the forecast period 2024-2031, owing to growing emphasis on applicant experience and talent acquisition analytics. On the basis of component, software segment is expected to hold a dominant position, owing to wide availability of applicant tracking and candidate assessment tools. On the basis of vertical, manufacturing segment is expected to hold a dominant position over the forecast period, due to high demand from automotive and electronics industries. On the basis of region, North America is expected to hold a dominant position over the forecast period, due to rapid technological adoption and presence of leading recruitment software providers in the region. Key players operating in the recruitment software market include IBM, Oracle, Jobvite, ADP, Cornerstone OnDemand, SAP SuccessFactors, Ultimate Software, ClearCompany, BreezyHR, and Greenhouse Software. Leveraging latest technologies like ML and analytics is the core strategy among these players. Request For Customization: https://www.coherentmarketinsights.com/insight/request-customization/7176 Recent Developments: In March 2022, UKG Inc. announced the completion of its acquisition of Ascentis Corporation, a leading provider of full-suite HR and workforce management solutions to strengthen the company's market strength through the addition of tenured industry expertise, with the additional force of Ascentis. In February 2020, iCIMS, Inc., the market leader for cloud-based talent acquisition software solutions, announced that it has joined Ceridian's Dayforce Software Partner Program (DSPP). This partnership aims to offer a seamless integration between Ceridian's human capital management platform and iCIMS' best-in-class talent acquisition platform, to exchange data across the entire candidate and employee lifecycle. Detailed Segmentation: By Component SoftwareServices By Organization Size SMEsLarge Enterprises By Vertical BFSIIT & TelecomRetailManufacturingMedia & EntertainmentHealthcareGovernmentOthers By Region North America: U.S.Canada Latin America: BrazilArgentinaMexicoRest of Latin America Europe: GermanyU.K.SpainFranceItalyRussiaRest of Europe Asia Pacific: ChinaIndiaJapanAustraliaSouth KoreaASEANRest of Asia Pacific Middle East: GCC CountriesIsraelRest of Middle East Africa: South AfricaNorth AfricaCentral Africa Have a Look at Trending Research Reports on Information and Communication Technology Domain: The global trade management software market is estimated to be valued at US$ 2.53 Bn in 2024 and is expected to reach US$ 5.06 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.4% from 2024 to 2031. Global category management software market is estimated to be valued at US$ 1.71 Bn in 2024 and is expected to reach US$ 3.52 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031. The Global Remote Desktop Software Market is estimated to be valued at US$ 3.98 Bn in 2024 and is expected to reach US$ 9.22 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031. Global club management software market is estimated to be valued at US$ 6.87 Bn in 2024 and is expected to reach US$ 18.09 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 14.8% from 2024 to 2031. Author Bio: Ravina Pandya, PR Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals. About Us: Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Follow Us: LinkedIn | Twitter Mr. Shah Senior Client Partner - Business Development Coherent Market Insights Phone: US: +1-650-918-5898 UK: +44-020-8133-4027 AUS: +61-2-4786-0457 India: +91-848-285-0837 Email: sales@coherentmarketinsights.com Website: https://www.coherentmarketinsights.com Market News and Data brought to you by Benzinga APIs

Real Estate Software Market to hit $28.63 billion, Globally, by 2031 at 12.6% CAGR, says Coherent Market Insights

Burlingame, Sept. 10, 2024 (GLOBE NEWSWIRE) -- The global Real Estate Software Market Size to Grow from USD 12.44 Billion in 2024 to USD 28.63 Billion by 2031, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period, as highlighted in a new report published by Coherent Market Insights. Real estate software offers various features like property listings, agent communication tools, document management, and others which help real estate agents and property managers streamline workflow and boost productivity. Additionally, rising adoption of cloud and mobile technologies by real estate firms is estimated to offer lucrative growth opportunities over the forecast period. Request Sample Report: https://www.coherentmarketinsights.com/insight/request-sample/7163 Market Dynamics: The real estate software market is driven by growing adoption of cloud-based solutions across various sectors including architecture, engineering, and construction. Cloud-based platforms offer benefits such as scalability, flexibility, easy collaboration, and reduced IT infrastructure costs. They help simplify complex workflows and provide real-time insights on project performance. This has boosted their adoption over conventional on-premise systems in the real estate industry. Another key driver is the increased need for automation of business processes to improve productivity and efficiency. Real estate software automates various tasks such as project management, document management, accounting, and customer relationship management (CRM). This streamlines operations and frees up resources for value-added tasks. Real Estate Software Market Report Coverage Report CoverageDetailsMarket Revenue in 2023$12.44 billionEstimated Value by 2031$28.63 billionGrowth RatePoised to grow at a CAGR of 12.6%Historical Data2019-2023Forecast Period2024-2031Forecast UnitsValue (USD Million/Billion)Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and TrendsSegments CoveredBy Type, By Deployment, By End UserGeographies CoveredNorth America, Europe, Asia Pacific, and Rest of WorldGrowth Drivers* Growing adoption of cloud-based real estate solutions * Integration of advanced technologies in real estate softwareRestraints & Challenges* Cybersecurity and data privacy concerns * Lack of skilled workforce Market Trends: There is a rising trend of developing dedicated mobile applications among real estate software vendors to support field activities. Mobile apps provide on-the-go access to critical project data, documents, and perform basic CRM functions. They enable real estate agents and field staff to manage listings, book appointments, and capture signatures remotely. Advancement in location-based technologies is also allowing integration of features like property searching based on geo-location. Leading players are focusing on investing in AI and blockchain integrations to enhance the offerings. AI helps analyze large property databases to yield meaningful insights through machine learning and predictive analytics. Blockchain, on the other hand, brings transparency to digital transactions and record keeping for properties. This is expected to revolutionize processes like title transfers, payments, and smart contracts in the coming times. Immediate Delivery Available | Buy This Premium Research Report: https://www.coherentmarketinsights.com/insight/buy-now/7163 Market Opportunities: Contract management software allows real estate professionals to efficiently manage all legal documentation and agreements related to properties. It helps digitize processes like lease management, vendor contracts and more. This reduces paperwork and enables easy access to documents from anywhere. Many contract management software solutions now offer e-signature capabilities and integration with accounting software for automated invoicing. This streamlines contract execution and payments. Customer relationship management (CRM) software is crucial for real estate firms to strengthen client relationships. It maintains a central database of all customer information like contacts, past interactions, property portfolios and more. Agents can use CRM to track client needs and preferences. This helps deliver personalized service and attention. CRM also automates communications through features like email and SMS marketing. This improves lead generation and conversions. With remote working becoming common, cloud-based CRM allows seamless collaboration between field agents and back office staff. Key Market Takeaways The global real estate software market is anticipated to witness a CAGR of 12.6% during the forecast period 2024-2031, owing to the growing adoption of automation tools in the industry. On the basis of type, contract management software segment is expected to hold a dominant position, owing to benefits like reduced paperwork and ease of access. In terms of deployment, cloud segment is expected to lead the market due to advantages like scalability, low maintenance and remote access. On the basis of region, North America is expected to hold a dominant position over the forecast period, due to rapid technological advancements and presence of major players in the region. Key players operating in the real estate software market include Accruent, Altus Group, and Altus Group Ltd. These companies are focusing on new product launches and partnerships to strengthen their market position. Request For Customization: https://www.coherentmarketinsights.com/insight/request-customization/7163 Recent Developments: In October 2022, On the 23rd and 26th of October, MRI Software, a global pioneer in real estate solutions, revealed its vision for the next generation of its open and connected technology platform, MRI AgoraTM, at the Ascend users conference in New Orleans. The MRI Agora platform will help real estate companies make better decisions by connecting data, automating boring operations, and differentiating themselves through technology. In February 2021, Trimble announced it had reached a deal with MRI Software to sell its Manhattan real estate and workspace solutions business (MRI). To summarize, the real estate industry is increasingly relying on advanced software to streamline operations and deliver enhanced customer experience. This is propelling the growth of specialized solutions like contract and CRM software. Cloud deployment and integration capabilities are also driving the market. Leading providers are enhancing their offerings through continuous innovation. Detailed Segmentation: By Type: Customer Relationship Management SoftwareEnterprise Resource Planning SoftwareProperty Management SoftwareContract SoftwareOthers By Deployment: Cloud-basedOn-premises By End User: Architects & EngineersProject ManagersReal Estate AgentsOthers By Region: North America: U.S.Canada Latin America: BrazilArgentinaMexicoRest of Latin America Europe: GermanyU.K.SpainFranceItalyRussiaRest of Europe Asia Pacific: ChinaIndiaJapanAustraliaSouth KoreaASEANRest of Asia Pacific Middle East: GCC CountriesIsraelRest of Middle East Africa: South AfricaNorth AfricaCentral Africa Have a Look at Trending Research Reports on Information and Communication Technology Domain: Global Peer to Peer Lending Market is estimated to be valued at USD 145.03 Billion in 2024 and is expected to reach USD 567.84 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 21.5% from 2024 to 2031. Sales Acceleration Software Market, by Type (Quality Lead Scoring Software, Lead Databases, Sales-Focused CRMs, Email Tools with Intelligent Follow-up & Data, Meeting Booking Tools, Customer Data Platform, Sales Proposal Management Software), by Enterprise Size (SMEs, Large Enterprises), by Industry Vertical (BFSI, Healthcare, Automotive, Real Estate, Ecommerce, Others (Travel, Education etc.)), and by Region - Size, Share, Outlook, and Opportunity Analysis, 2024 - 2031 The Corporate Liquidity Management Market size is expected to reach US$ 5.9 billion by 2030, from US$ 2.6 billion in 2023, at a CAGR of 12.4% during the forecast period. Author Bio: Ravina Pandya, PR Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals. About Us: Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Follow Us: LinkedIn | Twitter Mr. Shah Senior Client Partner - Business Development Coherent Market Insights Phone: US: +1-650-918-5898 UK: +44-020-8133-4027 AUS: +61-2-4786-0457 India: +91-848-285-0837 Email: sales@coherentmarketinsights.com Website: https://www.coherentmarketinsights.com Market News and Data brought to you by Benzinga APIs